Mikecyc

Mikecyc | Joined since 2019-07-05

Investing Experience -
Risk Profile -

Followers

9

Following

0

Blog Posts

0

Threads

44,165

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
44,165
Past 30 days
1,162
Past 7 days
136
Today
0

User Comments
Stock

1 week ago | Report Abuse

Haha see Huangbk72 back to its hibernated more than 7 years cave or not ….

Stock

1 week ago | Report Abuse

Haha Good as Bursa Securities required Additional Information on the Latest Private Placement…. Recalled before ard 2003 , those companies apply to be Listed , the Boss need to Provide Profit Guarantee with written Amount….A lot of Bosses being hit during 1998…

And During Pandemic on 2020 … Bursa Securities had loosen certain fund raising exercise requirements….

——

Unless otherwise defined, the definitions set out in the announcement dated 1 March 2024 (“Announcement”) and in the additional announcement dated 14 March 2024 (“Additional Announcement”) shall apply herein.



Further to the Announcement and the Additional Announcement in relation to the Proposed Private Placement, M & A Securities, on behalf of the Board wishes to announce additional information as required by Bursa Securities.



This announcement is dated 20 March 2024.

Stock
Stock
Stock
Stock
Stock

1 week ago | Report Abuse

Haha this one must be taken the famous Swing Swing Swing medicine M16454 .....🤣🤣😅



Stock: [JAKS]: JAKS RESOURCES BERHAD
1 week ago | Report Abuse


tmr will drop back .



Stock: [JAKS]: JAKS RESOURCES BERHAD
1 week ago | Report Abuse


tmr limit upppppppp



tock: [JAKS]: JAKS RESOURCES BERHAD
2023-07-21 11:58 | Report Abuse


haha u seee.... dropping.... small fish is struggling again.


Stock: [JAKS]: JAKS RESOURCES BERHAD
2023-07-21 10:55 | Report Abuse


good luck everyone....... when share is in big volume, it is for the banker to attract small fish to help them to clear stock... hahaha



Stock: [JAKS]: JAKS RESOURCES BERHAD
2023-07-19 10:04 | Report Abuse


luckily i bought 1m units last Friday. GoGOGO

Stock

1 week ago | Report Abuse

Haha play Swing Swing Swing also need to have Updated Information…

Like Tut Tut is selling Bunttut instead of Musang King as he posted if TG is dropped below RM 3.80 on 2021 … but when TG released information want to apply again for HK Listing n will allocate additional fund RM 2.4 Billion on SBB after utilised RM 1.4 Billion on SBB … Then Swing Swing Swing Up with ard 30 % Up ..

Stock

1 week ago | Report Abuse

Haha Jaks today 7 consecutive trading days in Green candle… VWAP from 0.151 to 0.152 … need a Breakout…see see look look 👀 to observe…

Stock

1 week ago | Report Abuse

Haha as l had replied Philip that my investing capital divided into 50 % : 50 % = 


A ) 50 % in Value n Growth stocks with DIVIDEND payout higher than Bank interest rate …or esp those with Dividend Policy , eg : 60 % .. 


Coming ipo on 99 Speed Mart with Dividend policy 50 % .. 


B) 50 % in higher risk stocks with Calculated Risk …



👉👉👉 Haha no worries on Jaks …like Zelan with Calculated Risk on 2020 during debated against Calvin and Sslleee abang kon Stockraider in Netx … and Sslleee in Insas on 2021 : 


I had CutWin Zelan n MMC ( Zelan Mother) during MMC privatisation news on 2021 … 


Within 2 years made Profit between 100 to 200 % …

Stock

1 week ago | Report Abuse

20/3/2024. 2.26 pm

Haha Some TA observations :

1.) BB 20 2. Mid 0.1645

MA 10 0.1525

2.) MACD momentum: -0.0088 -0.0086

👉 let’s see Fast Line can Divergent Up cross Slow Line by this Thursday or Not ???

3.) Stoch RSI 14 14 3 3. : 58.1864 47.4891

>> or

RSI(14) Neutral 38.4
Stochastic(14) Neutral 25.0

Stock
Stock
Stock
Stock
Stock

1 week ago | Report Abuse

JV agreement (JV)

* The JV agreement provided that Jaks resources (JRB) shall execute subcontract agreement with CEEC in relation to its scope of work under the EPC Contract 2.
* For EPC1 contract, CPECC contractors shall achieve the completion of the performance tests and satisfaction of the conditions for 1st generation unit by 42 months from agreed construction start date, or pay US$280,000 per day of delay. However, Jaks shall procure its subcontractor to pay the delay damages of US$120,000 of its EPC2 contract.
* Under contracts EPC1 and EPC2, if the minimum output without fuel oil support exceed the guaranteed minimum output level, contractors shall be liable for damages of US$2,800 per KW.
* Under contracts EPC1 and EPC2, damages of US$5,000 per KW is payable by the contractors if net output of electricity is less than the guaranteed net output by less than 3%. If more than 3%, the amount payable is US$13,500 per KW.
* Under contracts EPC1 and EPC2, If the net heat rate of each unit is greater than the guaranteed net heat rate by 2.5% or below, damages of US$400,000 per kcal/KwH is payable. If more than 2.5%, Damages shall be US$800,000 per Kcal/KwH.
* Under contracts EPC1 and EPC2, if limestone consumption rate is higher than guaranteed rate by 5% or below, contractors shall be liable for damages of US$465,000 per ton/h. if more than 5%, damages shall be US$930,000 per ton/h

Stock

1 week ago | Report Abuse

Shareholders agreement (SHA)
* Shareholders agreement dated 6 July 2015 entered between JPH, CPECC and JPP to regulate their proposed relationship as shareholders of JPP as well as certain matters relating to the management of JPP and also to govern their relationship in respect of matters related to JHDP.
* The EPC cost for the project shall not be more than US$1.515b excluding working capital.
* The total shareholder funding shall not be more than US$467.125m
* Project financing based on debt to equity of 75:25
*  In the event additional shareholder’ funding required other than due to project cost exceeding US$1.8685b, CPECC shall provide additional funding in the form of (i) additional RCPS which will reduce JPH effective economic interest and/or (ii) interest bearing shareholder loan at bank interest, at the option of CPECC.
* JHDP Board of directors, 3 from JPH and 2 from CPECC. However, 3 years after COD, 2 from JPH and 3 from CPECC.
* JPP Board of directors, 2 from JPH and 3 from CPECC.
* In the event of deadlock, buyout of opponent procedures will be initiated.
* CPECC irrevocably grants to JPH non-transferable rights (option) to increase its effective economic interest in JPP to 40% at such price based on cost of investment plus holding cost. The option is exercisable by JPH up to expiry of 3rd year after the COD.

Stock

1 week ago | Report Abuse

Coal supply agreement (CSA)

* Vinacomin shall supply anthracite coal for the full term of the BOT contract.
* Failure of supply gives JHDP the right to source for alternative coal from domestic or foreign sources and seek compensation from Vinacomin for additional costs.
* JAKS’ COAL SUPPLY AGREEMENT WITH VIETNAM NATIONAL COAL-MINERAL INDUSTRIES GROUP (“VINACOMIN”) (“CSA”) - The CSA provides for the delivery by Vinacomin and purchase by JAKS Hai Duong of coal for use in the Project from testing and commissioning until the termination of the BOT Contract or other circumstances as stipulated under the CSA. The quantities of coal to be supplied by Vinacomin will be determined, among other things, by the actual plant load factor and operating performance of the Facility and the quality and other characteristics of the coal used at the Facility. JAKS Hai Duong will have the right to buy from other coal sources in the event Vinacomin is unable to meet its obligations under the CSA and provided that the coal price from the other source have been agreed by both parties and approved by MOIT. There is no take or pay obligation (minimum order obligation) in the CSA.

Stock

1 week ago | Report Abuse

Power purchase agreement (PPA)
* EVN shall purchase dependable capacity and the net energy output from JHDP.
* JHDP shall finance, design, build, operate and maintain the power plant.
* PPA shall have a duration of 25 years from the COD.
* No sales to third parties other than EVN.
* Non-recourse obligation precludes EVN from further right or claim against or recourse to the investors other than the assets of the BOT company (Vinh PPA)
* Liquidated damages payable by BOT company for outages beyond allowable limit at 105% of capacity payment (Vinh PPA)
* Liquidated damages payable by BOT company for Output at delivery point either less than 97% or more than 103% of output required under dispatch instruction at 5% of capacity payment (Vinh PPA)
*
* JAKS’ POWER PURCHASE AGREEMENT WITH VIETNAM ELECTRICITY (“EVN”) (“PPA”) - The PPA provides for EVN to purchase and the BOT Company to sell electricity generating capacity and electricity generated by the Facility for 25 years after the commercial operation date of the Facility unless extended or earlier terminated as stipulated under the PPA. The tariff charged by JAKS Hai Duong to EVN comprises the capacity charge, energy charge and supplemental charge. Fuel (coal and secondary fuel) and limestone costs will be passed-through costs under the PPA.
*
The Capacity Charge is a fixed payment that is paid each period for each kilowatt of available (not dispatched) capacity.  It includes fixed charges involved in the construction, operation, and maintenance of the power plant, including charges for: – Repayment of the principal and interest of the debt used to construct the facility – Return on equity capital invested – Fixed operation and maintenance (O&M) costs that are independent of the amount of energy generated (e.g., staffing costs, administrative expenses, operator fee, insurance premiums, etc.) – Possible fixed costs related to fuel supply and transportation, such as demand or through-put charges, or minimum take-or-pay obligations.

The Energy Charge is paid each period for each kilowatt hour of energy dispatched and delivered at the agreed delivery point during that period.  It includes variable costs involved in the generation of the energy delivered, including charges for: – Commodity charges for each unit of fuel used, including the cost of fuel and its transportation to the plant – Variable operation and maintenance costs (e.g., spare parts, lubricants, and other consumables) – A major maintenance sinking fund to cover the costs of required turbine maintenance based on usage.
The Supplemental Charge covers other costs not included in either the Capacity or Energy Charges, including:
– The costs of start-ups beyond an agreed number each year reflecting the cost of fuel per start-up and likely a contribution to the major maintenance sinking fund
– The costs of ancillary services provided if such services are included in the scope of the PPA
– Any supplemental charges for repairing damage to the facility as a result of a Force Majeure event if such repair is the responsibility of buyer.

Stock

1 week ago | Report Abuse

Haha on Government guarantee (GGU)
* The GGU provides Vietnam Government Guarantee on all payment obligations of MOIT under the BOT contract and the EVN under the PPA.
* The guarantee on PPA is for 18 years from COD, and the full term of the BOT in the case of MOIT.
* Guarantor shall also pay interest on any sums outstanding.
* GGU also guarantee USD currency conversion and right to remit
* repayment of principal, interest, etc under financing document
* quarterly and annually profit distribution to JPP
* repayment of charter capital
* any expenses due to contracts goods imported
* any expenses due to foreign service contracts
* any payment that are due in foreign currency

Stock

1 week ago | Report Abuse

Understand the Key Contractual Obligations of the project award
 
Investment certificate
* JHDP shall be entitled to 10% tax rate for the full term of the project.
* JHDP shall be exempted from corporate income tax for 4 years and 5% tax rate for another 9 years from 1st year with taxable income or 4th year whichever is earlier.

Stock

1 week ago | Report Abuse

法律及不可抗力风险
根据购电合同PPA条款,因法律的变化对项目投资方带来不利影响的风险由越南工贸部负责承担,越南政府提供担保。合同也保障该项目不被不可抗力(天灾人祸)突发事件所影响。

另外,根据中电工程委托的法律事务所出具的律师工作备忘录内容,中电工程对本项目的投资不违反中国及越南两国法律规定,所规划的投资方案不存在法律障碍。法律事务所对境外投资架构的合法性、中电工程对BOT项目公司的控制权、跨境担保的合法性以及关于融资关闭逾期的法律后果出具了相关法律意见,均不存在法律障碍。

Stock

1 week ago | Report Abuse

燃煤电厂于2016年3月28日动土。机组建设工期为42+6,2016年10月1日开始计时,按照里程碑计划2020年2月28日#1机组完成临时移交,2#机组顺延6个月。工程正如火如荼的进行中。至今,估计已完成50%。
Jaks越南海阳燃煤电厂项目有何风险 ?

越南海阳2X600MW燃煤电厂,是中国能建所属中国电力工程顾问集团有限公司(简称“中电工程”)与马来西亚JAKS以70:30投资股比合作开发和建设的越南BOT项目。该项目是“一带一路”沿线的重点项目,总投资约18.685亿美元,是目前中国企业在越南单笔投资额最大的项目。在此探讨海外BOT项目投融资所涉及的主要风险及防范措施。

越南海阳BOT电厂项目位于河内以东100公里,建设两台600MW燃煤机组,采用四炉两机配置,计划为海阳省及河内输送电力,是越南政府吸引外资开发电力建设的重点项目。马来西亚的Jaks公司在2008年获得该项目的开发经营权。随后Jaks与越南工贸部经过近三年的谈判,于2011年6月签署了25年特许经营期的BOT合同,同时签署的有关协议还包括与越南煤炭公司的购煤协议(25年);与越南电力公司的购电协议(25年);与海阳省人民委员会的土地租赁协议;政府担保与承诺协议。根据购电协议,海阳电厂所发全部电量由越南电力公司收购;煤价与电价联动,即煤价上升,电价也随之上涨,投资方的收益始终保持在一个稳定范围内。根据政府担保协议,越南政府对越南煤炭公司和越南电力公司的付款违约提供政府担保,项目收益可以100%转换为美元转入到投资方的国外账户。项目建设期54个月,2020年终必须完工。项目收益享有优惠税务,施工材料与设备进口税收全免。25年特许经营期满后移交越南政府。

中电工程与Jaks经过一年多的谈判,于2015年7月签署了合作投资协议,中电工程为项目70%股东,Jaks为30%股东,由中电工程负责项目的银行融资并承担EPC工程建设。

中国工商银行,中国建设银行股份有限公司,与中国进出口银行三家银行集团为此项目提供了75%的融资。
国家政治风险

越南近年来与中国因南海主权问题曾发生多次摩擦,在该国开展投资项目有一定的国家风险和政治风险。但中、越两国地缘相邻,经济上互补性很强,越南经济对中国的依赖更大,从长远发展角度看表现出积极主动的合作态势。

战争、征收、汇兑和罚没属于政府违约范畴,可能造成企业无法继续正常生产以及项目收益无法兑换成美元汇出。虽然越南政府为海阳项目提供了项目收益100%转换成美元的保证,但在25年运营过程中仍然存在因故无法兑现该保证的可能性。

海阳项目的投资上,中电工程分别就股权和债权投保了中信保海外投资险,其中债权险是银行融资的要求,股权险是出于企业自身在越南进行投资的资本金安全考虑。通过投保海外投资险,发生上述风险时,先由中信保赔偿企业相应的损失,中信保再代表中国政府向越南政府索要保险赔款,企业面对的风险实际上转成由中信保承担。

投资收益风险
投资收益风险,主要考虑项目投资回报率及除政治风险以外的与项目建设、运行有关的主要风险是否得到有效分配和规避。通过购煤协议,电厂特许经营期25年内需要的原料通过25年期购煤协议得到基本保证。协议还规定,如出现越南煤炭公司因故不能提供燃煤,需由BOT公司自行购煤的情况,煤价的超出部分由越南煤炭公司负责补偿。

购电协议中电价由容量电价、电量电价及补充电价三部分组成。根据购电协议,电厂建成即使不发电,越南电力公司也要支付容量电价。电厂所发电量将全部由越南电力公司承购,即电量消纳有保障。补充电价主要包括实际土地赔偿费用。

通过土地租赁协议,项目建设所需土地得到有效保证。

通过政府担保协议,越南政府对越南煤炭公司及越南电力公司的付款违约提供政府担保,即如发生上述两家公司付款违约行为,其付款责任由越南政府承担。同时,越南政府保证投资方卖电获得的当地货币收益100%可以转换为美元汇出越南境外,有效规避了当地币发生大幅度贬值的风险。

针对项目投资回报率,中电工程聘请了国际著名财务事务所担任投资顾问,建立项目财务模型,在反复落实模型主要输入条件后,得到了比较理想的项目收益率。该收益率是基于长期的购煤、购电协议前提条件下获得的,因此较可靠。

海阳项目的投资收益风险通过上述各项协议得到了有效化解和分摊,并且项目投资收益率较为理想,该项目的投资收益风险可控制。

Stock

1 week ago | Report Abuse

Haha 。Jaks管理层曾透露内部回酬IRR介于12%,PAYBACK PERIOD为8至9年… is on 40 % shares in Vietnam Joint Venture company ke …

As calculated from 4 years payback 30 % … ard 7 years for 40 % shareholding …

Stock

1 week ago | Report Abuse

Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Grand Total = RM 529.089 Million

Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

按照购电协议,电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%,PAYBACK PERIOD为8至9年

Stock

1 week ago | Report Abuse

Introducing Jaks Resources Vietnam Thermal Power Plant

JAKS RESOURCES(Jaks)在2011年争取的越南海阳燃煤电厂项目在经过了6年的风雨终于开工建设了。由于项目总投资达18.685亿美元,JAKS无法找到任何银行资助该项目,所以电厂的建设推迟了好几次,期间更换了2个中国伙伴。直到于2015年7月Jaks与中国电力工程顾问集团有限公司(CPECC)达至协议。Jaks让出项目控制权从以往60:40改为30:70的股权合资开发此工程。CPECC负责融资及全部工程建设。CPECC在进行发电和输变电厂的工程非常有经验。参与了约90%的中国煤电工程。共完成了49,000兆瓦燃煤厂工程。

为确保整个项目能够圆满完成,CPECC承担全部责任完成电厂建设,包括如需要额外的资本。 JAKS在建设期间将获得项目的4.5455亿美元工程。而此工程也将由CPECC承包。实质上,JAKS肯定会在施工期间赚取大约4亿令吉。此利润将流回合资公司充当JAKS的股权资金。换句话说,JAKS只需要拨出2亿令吉来拥有电厂30%的股份。完成发电厂项目后,JAKS在3年内有权向CPECC以成本购买另外10%而拥有合资公司的40%股权。

CEO洪南坡在2011年下了一个胆大包天的赌注,在世界面对金融风暴时刻,啃下一个陌生领域而且需要庞大资金的巨大BOT模式燃煤电厂工程。当时越南高速经济成长造成严重电力短缺,以至越南政府颁发了多个发电厂工程。因为资金需求庞大,大型的燃煤电厂工程都以BOT模式颁发了给外资企业。当时便有3个类似燃煤电厂供外企竞标。Mong Duong燃煤电厂是颁发给美国的AES Corporation (51%), Posco Energy (30%) and China Investment Corporation (19%), 越南永新燃煤电厂一期BOT项目是由中国南方电网有限责任公司(55%)、中国电力国际有限公司(40%)和越南煤炭集团电力有限公司(5%)共同投资。而越南海阳燃煤电厂项目则颁给Jaks。CEO洪南坡被访问时表示去越南本意是寻找内行的水务工程,可机缘巧合发现越南严重缺电,所以竞标陌生的燃煤电厂工程。

可看到得标者个个都是几百亿市值,财力雄厚,经验丰富的跨国集团。何以势单力薄的Jaks也会得标 ?也许当时正处金融风暴而且项目多,竞标者少。

Jaks於2011年动工清理场地后便处于静态,前后换了2 个中国伙伴都因为无法得到任何银行资助而无法动工。2014年5月中越南海纠纷引发了一场“反华暴动”,中国冻结了对许多越南工程。Jaks已耗资2亿令吉。眼看将要泡汤。曾一度与TENAGA商讨合作,后来中国越南领袖互相拜访重新友好。中国大减钢铁产能而冻结燃煤产量导致煤电厂工程喊停。此举导致煤电公司出走寻找机会。又逢中国发起的一带一路计划给合格的项目得以融资。同时,越南政府也修改了政策以便项目的条例符合中资银行的严格融资条件。机缘巧合,天时地利,海阳燃煤电厂项目办妥了。

按照购电协议,电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%,PAYBACK PERIOD为8至9年

Stock
Stock
Stock

1 week ago | Report Abuse

19/3/2024 10.00am

Finally both Line are in Neutral , No more in Oversold level :

RSI(14) Neutral 38.0
Stochastic(14) Neutral 22.2


20/3/2024 9.40 am

RSI(14) Neutral 38.4
Stochastic(14) Neutral 25.0

Stock

1 week ago | Report Abuse

Haha Never Respect Kon and Actor ..

Stock

1 week ago | Report Abuse

3rd Lies

Stock: [INSAS]: INSAS BHD
hours ago | Report Abuse


During stock bet : Tunepro 0.45 on 10/3/21 , cut win 0.49 on 12/3/21 after 2 days - Why ? .. Lee aka Victor Yong aka Good123 in Tunepro since Jun 2020. 





>> Lee Posted in Insas on Jan 2022 that sold Tunepro after 2 years ..

Stock

1 week ago | Report Abuse

Today ( 3/5/2023 ) just discovered konartist sslleee: The Lies on HRC ( Hengyuan) :


Sslleee n Probability had been Promoted Petronm n HRC at RM 7.00 with Crack Spread, Crack here Crack there Crack other ppl Pockets …


>> Play Wayang to Buy Low Sell High ..



>>> Very Surprising is found out today Probability is Victor Yong aka id … as they Kacukan Tipu in Tunepro …also in Netx .


Good123 n Victor Promoted Pasukhas also .
Both will deleted own posts …


Stock

1 week ago | Report Abuse

Haha In Insas …Konartist Ssllee after Big mouth 👄 on said will email to Insas to request it to include Commissions wording in Other Operating Expenses..

Then became 🐢 Lee ….🤣🤣🤣

Stock